First Deals Signed During Ontario Mission To Middle East

Ontario's life sciences mission celebrated the first new partnerships signed between Israeli and Ontario companies at a ceremony in Tel Aviv.

The partnerships included:

• Axela Inc. is signing a next generation instrument development agreement with Kangaroo Design and Innovation
• Axela Inc. and Kangaroo-Borsuk-Toronto (KBT) are announcing the establishment of a Canadian instrument service depot within the KBT facility in Toronto
• Axela Inc. announced it has signed a MOU with Tarom Applied Technologies Ltd. of Tel Aviv to validate the clinical performance and commercialize Axela's Breast Cancer Prognostic Array in Israel
• Claron Technology and BrainsGate are entering into an agreement to develop a system that would allow experts at a central location to monitor and assist surgeons performing image-guided surgical procedures at many remote locations
• Profound Medical Inc of Ontario and Nanomotion of Israel are signing a MOU to advance innovation and commercialisation for image-guided, minimally -invasive medical devices
• Queen's University, PARTEQ Innovations and Mosaic Crystals are signing an agreement to enhance future research, development and commercialization activities in photovoltaics
• York University and Hebrew University are reaffirming their long-standing relationship (since 1977) and agreement to continue to develop programs in areas of mutual research and academic interest
• Ontario's Ministry of Research and Innovation and Israel's Ministry of Industry, Trade and Labour are pleased to announce that both will make equal contributions toward the continuation of the R and D Agreement signed in 2005

Premier Dalton McGuinty and Sandra Pupatello, Minister of Economic Development and Trade, then travelled to Jerusalem where they met with Israeli Prime Minister Benjamin Netanyahu and other officials.

The meeting focused on opportunities to improve trade and build new partnerships between Israel and Ontario. Netanyahu expressed great interest in Ontario's education system and a future meeting of respective education officials is now being planned. Other topics discussed included renewable energy, clean water technology and the potential for collaboration on brain research.

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